The cryptocurrency market has experienced a surge in investment as crypto exchange-traded products (ETPs) recorded their largest weekly inflows in over a year. According to CoinShares, a leading asset management platform, these inflows amounted to an impressive $326 million for the week ending October 27. This significant increase dwarfed the previous week’s inflows of $66
Ethereum
Cryptocurrency infrastructure firm, Fireblocks, has recently made a significant discovery in the Ethereum ecosystem. The company has identified and assisted in tackling what it describes as the first account abstraction vulnerability within the Ethereum ecosystem. This vulnerability was found in the smart contract wallet UniPass and was reportedly found in hundreds of mainnet wallets during
The Web3 industry is on a relentless mission to disrupt various sectors, and one of its primary targets is social media. In a recent episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw interviews Ryan Li, the co-founder of CyberConnect, to delve into the concept of decentralized social media platforms. This innovative approach aims
The recent movement of over $10 million worth of cryptocurrency from wallets linked to bankrupt crypto firms Alameda Research and FTX to exchange deposit accounts has raised eyebrows and fueled speculation about the firms’ intentions. The transfer of these funds may potentially indicate that the companies are planning to sell some of their assets to
In a recent blog post, crypto exchange dYdX announced the release of the open-source code for its new Cosmos-based network. This move is a significant step towards the development of a truly decentralized exchange, as it aims to remove the reliance on a centralized order book. With a daily trading volume of over $2.6 billion,
In recent cybersecurity news, a new attack vector called EtherHiding has emerged, posing a significant threat to blockchain smart contracts. Contrary to its name, this attack does not primarily target the Ethereum network but instead exploits vulnerabilities in the Binance Smart Chain (BNB). EtherHiding allows hackers to conceal malicious code within smart contracts, enabling them
Ethereum layer-2 scaling solutions Starknet and zkSync have bucked the trend by showing an increase in their total monthly active developer counts, while many other platforms have experienced a decline. This article explores the recent developer activity in the Ethereum ecosystem and discusses the potential reasons behind these trends. In contrast to platforms like Ethereum,
Staking Ethereum (ETH) has become an increasingly popular choice for ETH holders rather than liquidating their assets. The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has experienced significant growth this year, according to a recent report from CoinGecko. Despite the ability to withdraw ETH introduced in the Ethereum Shapella upgrade, the LSDFi sector has grown
Blockchain enthusiasts and analysts have recently uncovered a significant transaction involving Ethereum co-founder Vitalik Buterin. It has been observed that Buterin’s wallet, known as “vitalik.eth,” transferred a substantial amount of $14.9 million worth of USD Coin (USDC) to the Gemini cryptocurrency exchange. This transaction has piqued the interest of the blockchain community, leading to various
In a recent announcement, Manta, a layer-2 blockchain network focusing on zero-knowledge (ZK) applications, revealed its decision to migrate its software from OP Stack to Polygon CDK. This move signifies that Manta will not be integrated into the upcoming Optimism Superchain and instead become a part of the Polygon ecosystem. Manta justified its choice to
